271/373 Colebrook RoadRichmond TAS 7025
Property Details for 271/373 Colebrook Rd, Richmond
Last Listing description (September 2024)
The property now known as "Nocton Vineyard" in the renowned Coal River Valley dates back to 1813 and began life as a sheep grazing property when granted to the then Governor of Tasmania. Located in the premier tourism area of the state, within minutes of the historic Richmond village and just 20 minutes drive to Hobart Airport.
Nocton has been transformed into a large scale vineyard and multi-faceted rural holding boasting a variety of income streams and an array of potential development opportunities (STCA).
The property boasts a varied topography. At the entrance you travel through rich flat arable country and on to gently sloping land, perfect for its current use. As you climb in altitude the country turns into cleared open rolling hills with varied aspect, predominantly NNE and culminates at the top of the Coal River Tier at an altitude of 412m.
KEY FEATURES:
- 608 hectares on 3 titles with varied topography
- 35ha planted: pinot, chardonnay, merlot, sauvignon blanc, riesling, chenin blanc, gamay, cabernet sauvignon
- 456ML irrigation water and 100ML dam
- Potential to plant an additional 200ha+/-
- Storm Bay and Nocton labels both distributed nationally
- Established cellar door and highly regarded business
- Tenancy incomes from Carrington Quarry & Bejo Organic Seeds and a casual grazing lease
For a full Information memorandum and tenancy details please contact the selling agent.
Expressions of Interest are sought on the property on a walk-in-walk-out basis including land, improvements, quarry license, lease agreement, business name, goodwill and all plant and equipment.
Vendor would consider offers on either of the 2 main titles individually or as one property.
EOI to be submitted by 12:00pm, Friday 30th August 2024.
Property History for 271/373 Colebrook Rd, Richmond, TAS 7025
- 18 Jul 2024Listed for Sale Under Offer
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0About Richmond 7025
The size of Richmond is approximately 89.9 square kilometres. It has 6 parks covering nearly 0.3% of total area. The population of Richmond in 2011 was 1,609 people. By 2016 the population was 1,461 showing a population decline of 9.2% in the area during that time. The predominant age group in Richmond is 50-59 years. Households in Richmond are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Richmond work in a professional occupation. In 2011, 80.8% of the homes in Richmond were owner-occupied compared with 80% in 2016.
Richmond has 860 properties. Over the last 5 years, Houses in Richmond have seen a 68.82% increase in median value, while Units have seen a 88.70% increase. As at 31 October 2024:
- The median value for Houses in Richmond is $850,221 while the median value for Units is $504,589.
- Houses have a median rent of $550.
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